Ortelius International exchanges Debt For Shares with K.AI Consulting

Ortelius International AB (publ)

28/04/2026 08:47

April 28 (Reuters) - Ortelius International AB ORTIN.ST

SAID ON MONDAY THAT K.AI CONSULTING APS WILL TAKE OVER ORTELIUS' LIABILITIES TO PROVIDENCE HOLDING OF ABOUT SEK 48 MILLION

K.AI CONSULTING WILL ALSO TAKE OVER LIABILITIES RELATED TO ACQUISITION OF TECH5 AB OF ABOUT SEK 35 MILLION

ORTELIUS RESOLVED ON DIRECTED CASH ISSUE IN WHICH K.AI CONSULTING SUBSCRIBES AND PAYS BY WAY OF SET-OFF OF SEK 48 MILLION OF ITS CLAIM

K.AI WILL RECEIVE ORTELIUS SHARES AT SEK 1.57 PER SHARE

THROUGH TRANSACTION, ORTELIUS REDUCES INDEBTEDNESS BY SEK 13 MILLION

MATURITY DATE OF REMAINING DEBT IS EXTENDED TO DECEMBER 31, 2027

 (Gdansk Newsroom)

 ((Gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))